Re: [dlevels]

["Max Vogt, Ph.D." <maxtrout@xxxxxxx>]

Hi again, Kevin.
 
first of all, I'd never look down my nose at anyone 
who is diligently studying anything!  
 
Second, Neal is often full of shit (though very 
competent and a great guy); he has the silly notion, for example, that volume of 
shares traded doesn't matter.  He doesn't even look at it!  Volume and 
L2 reading may not have been such a big deal ten years ago, but such things make 
the difference today in direct access of often several points profit.  If I 
was waiting for trades to actually cross the 3 x 3 or the MACD/Stochastic (which 
are powerful indicators, don't get me wrong), I not only would miss the meat of 
most of the best trades, but also would reduce my risk/reward ratio by a great 
deal.
 
I for one would be thrilled to see your pattern you 
are trading and learn from what you are studying.  NO, not more than I 
wanted to know at all.
 
Max
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Kevin 
  Bryant 
  To: <A title=dlevels@xxxxxxxxxxx 
  href="mailto:dlevels@xxxxxxxxxxx";>dlevels@xxxxxxxxxxx 
  Sent: Tuesday, January 23, 2001 10:47 
  PM
  Subject: Re: [dlevels] 
  
  Well, that's reassuring.  I figured you 
  pro's were looking down your noses at me. :-)  Just a 
  beginner.
   
  Neal would say that I'm wasting my time doing 
  studies.  I've found that I gotta prove to myself what the statistics are 
  for what I trade so I can come up with some rules that will give me a positive 
  expectancy.  I don't know enough about trading to see the nuances that 
  allow the kind of judgment necessary to trade with other than with rules that 
  I blindly follow.  
   
  It's looking like I've about got something going 
  with my own particularly version of "Gartleys", another fib based 
  formation.  I haven't given up on Bread and Butters and DRPO's, but I 
  need to study them again with a better understanding of the rules than what I 
  had had previously.  Neal's tips about the MACD ought to help.  I 
  like the Gartley because it seems to come up more often than the others.  
  Always studying something and refining my own rules.  More than you 
  wanted to know. :-)
   
  Kevin
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    Thanks much, Kevin.  This seems to have 
    worked.  What are you trading?  Please share charts with us again, 
    I really enjoyed it when you did.
     
    Max
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